Kunlun Energy (OTCMKTS:KLYCY) Stock Price Up 5.4% – Still a Buy?

Kunlun Energy (OTCMKTS:KLYCY) shot up 5.4% during mid-day trading on Friday . The company traded as high as $11.26 and last traded at $11.26. 148 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 394 shares. The stock had previously closed at $10.68.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Kunlun Energy to a “hold” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Kunlun Energy Stock Up 5.4%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.85 and a current ratio of 1.89. The business’s 50 day simple moving average is $10.01 and its 200-day simple moving average is $9.51.

About Kunlun Energy

Kunlun Energy Company Limited is a China-based energy company engaged primarily in the exploration, production, distribution and sales of natural gas and crude oil. As a publicly traded entity on the Hong Kong Stock Exchange and the OTC Markets under the ticker KLYCY, the company focuses on developing upstream reserves in key basins across northwest China, including the Tarim, Junggar and Turpan–Hami basins. Kunlun Energy’s upstream activities are supported by a combination of proprietary drilling technologies and strategic partnerships that enable it to target both conventional and unconventional hydrocarbon resources.

In its midstream operations, Kunlun Energy has established an extensive pipeline network that links its production areas to major consumption centers.